Assistant Manager - Internal Audit (Emirati)

Overview

Responsibilities

• Assist in planning the scope of audit and determine the auditing procedures to be used in various assignments. Develop risk-based audit programs and testing procedures to assess the adequacy and effectiveness of internal controls.
• In line with the plan, develop a Control Self-Assessment (CSA) form based on focused interview from the process owners, knowledge and information obtained during the previous assignments and review of available policies, procedures and practices.
• Perform audits to identify of weaknesses in the effectiveness of controls and key processes of the unit(s), operational/regulatory deficiencies and provides appropriate recommendations for improvement to minimize risk and safeguard the assets of the company.
• Interview appropriate personnel, accumulate, verify and analyze available data, observe actual practices and evaluate functional operational techniques and identify existing or potential problem areas.
• Assemble and maintain comprehensive internal auditing work papers, supporting audit findings and recommendations, as prescribed by Internal Audit Department Manual.
• Select controls for testing taking into consideration the materiality of transactions for each business process, susceptibility to errors or frauds, accounting and reporting complexities associated with the transactions and significant changes in the processes (i.e. system implementation/upgrade).
• Perform test of internal controls which include inquiry, observation, examination or re-performance.
• Identify the deficiencies in controls and assess the likelihood and magnitude of potential loss resulting from the deficiency.
• Identify compensating controls and determine the effectiveness and efficiency of such controls.
• Compile all final audit findings and recommendations for corrective actions into an audit report. Document observations, findings and recommendations from the internal control testing to be reported to Management.
• Follow up with respective entity/departments/functions for management comments and implementation of audit recommendations within agreed timeline. Follow up and monitor whether the evaluation of controls is properly implemented by Management and escalate whenever required.
• Identify possible risks and present process improvement opportunities.
• Assist in gathering evidence and connect individuals to specific events to develop an audit plan for fully investigating the department/function.
• Assist in conducting interviews with process owners, department heads and employees to assess the extent of fraud in the relevant department/function.
• Upon completion of the investigation, submit a written report of findings for review and disposition based on the findings and recommendations regarding the case.
• Contribute to the enhancement of internal audit methodologies, processes, tools and practices by staying informed about emerging trends, regulations, and best practices in internal auditing.

Qualifications

• Bachelor's Degree in Business, Finance or Accounting or any relevant or related field
• International Audit Certifications (i.e. CIA, CISA, etc.)
• 5-10 Years Internal Audit or other related experience in Real Estate or equivalent multinational or big organizations.
• Knowledge on business and technical processes to identify risks and to develop and execute audit procedures. Knowledge of internal audit standards and COSO framework, procedures and practices for financial, compliance and performance audits.
• Familiar with ESCA rules & regulations and UAE applicable laws.
• Proficiency in using spreadsheet software (e.g., Microsoft Excel) for data analysis, reporting, and audit documentation.